Commerzbank (OTCMKTS:CRZBY) Shares Gap Up – Still a Buy?

Commerzbank AG (OTCMKTS:CRZBY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $41.61, but opened at $43.77. Commerzbank shares last traded at $44.16, with a volume of 9,360 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CRZBY shares. Keefe, Bruyette & Woods raised shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 26th. Commerzbank raised shares of Commerzbank from an “overweight” rating to a “buy” rating in a report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Commerzbank in a report on Tuesday, May 12th. Royal Bank Of Canada raised shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 21st. Finally, DZ Bank raised shares of Commerzbank from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Commerzbank Stock Up 6.7%

The company has a market capitalization of $48.69 billion, a price-to-earnings ratio of 17.55 and a beta of 0.51. The stock’s fifty day simple moving average is $41.74 and its two-hundred day simple moving average is $40.50. The company has a debt-to-equity ratio of 1.62, a current ratio of 12.24 and a quick ratio of 12.24.

Commerzbank (OTCMKTS:CRZBY) last issued its earnings results on Friday, May 8th. The financial services provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.11. The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Commerzbank had a net margin of 11.55% and a return on equity of 7.69%. On average, sell-side analysts predict that Commerzbank AG will post 3.53 earnings per share for the current fiscal year.

Institutional Trading of Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. Rhumbline Advisers increased its position in Commerzbank AG (OTCMKTS:CRZBY) by 22.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,876 shares of the financial services provider’s stock after acquiring an additional 1,252 shares during the period. Rhumbline Advisers’ holdings in Commerzbank were worth $260,000 at the end of the most recent reporting period.

About Commerzbank

Commerzbank AG is a major German banking group headquartered in Frankfurt am Main. Founded in 1870, the bank operates as a universal financial institution offering a broad range of services to private customers, small and medium-sized enterprises (the German “Mittelstand”), and large corporates. Its core business lines include retail and corporate banking, transaction banking, capital markets and investment banking, as well as asset and wealth management.

On the retail side, Commerzbank provides everyday banking products such as deposit accounts, payment services, consumer loans, mortgages and digital banking channels for individual customers.